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Academic Journal
Finance

“The Financially Material Effects of Mandatory Non-Financial Disclosure”

Complaints from institutional investors suggest that principles-based disclosure regimes that rely on financial materiality standards produce inadequate nonfinancial environmental and social (E&S) information. Using the staggered introduction of 40 country-level regulations that mandate disclosure, I document that reporting E&S information relates to increased investment from institutional owners and has material effects on firms’ investment and financing decisions. Firms mandated to disclose E&S information allocate more investment toward long-term, innovative projects and raise more equity capital. Evidence indicates that disclosure attracts long-term–oriented institutional clientele with E&S preferences, which then feeds back on firm decision making. Although the effects of nonfinancial disclosure are similar to those of improved financial disclosure, this clientele mechanism is unique. Taken together, these results suggest that jurisdictions that rely solely on financial materiality disclosure standards create nonfinancial information frictions with material effects on investors and firm decision making.
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Academic Journal
Business Analytics

“The Hl-index: Improvement of H-index Based on Quality of Citing Papers”

This paper proposes hl-index as an improvement of the h-index, a popular measurement for the research quality of academic researchers. Although the h-index integrates the number of publications and the academic impact of each publication to evaluate the productivity of a researcher, it assumes that all papers that cite an academic article contribute equally to the academic impact of this article. This assumption, of course, could not be true in most times. The citation from a well-cited paper certainly brings more attention to the article than the citation from a paper that people do not pay attention to. It therefore becomes important to integrate the impact of papers that cite a researcher’s work into the evaluation of the productivity of the researcher. Constructing a citation network among academic papers, this paper therefore proposes hl-index that integrating the h-index with the concept of lobby index, a measures that has been used to evaluate the impact of a node in a complex network based on the impact of other nodes that the focal node has direct link with. This paper also explores the characteristics of the proposed hl-index by comparing it with citations, h-index and its variant g-index.
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Academic Journal
Management

“The Impact of Anticipated Social Consequences on Recurring Disability Accommodation Requests”

The Americans with Disabilities Act of 1990 (ADA) has not achieved its potential, in part, because those it sought to help have shown a reluctance to request accommodations. Using survey data from 229 hearing-impaired employees and an expert panel, logistic regression confirmed that monetary costs and impositions on others negatively influence the likelihood of requesting recurring accommodations. Furthermore, monetary costs and impositions on others negatively influence the requester's assessments of the social consequences of making such requests. These consequences, in turn, can also negatively influence future disability accommodation requests.
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Academic Journal
Management

“The impact of family structure on issue selling by successor generation members in family firms”

Input from members of the successor generation to the incumbent leader of the business is important to
family firms that desire to grow into multi-generational entities. Although researchers have examined
upward influence behavior in general, there is a dearth of studies discussing this phenomenon as it
relates to family firms. In this paper, we seek to fill this gap by focusing on issue selling behavior—one of
the fundamental ways the successor generation pursues upward influence. Issue selling is defined as a
discretionary behavior used to direct top managers’ attention toward important issues. Specifically, by
integrating the extant issue selling literature with research on the impact of family structure on family
decision-making, we help explain the strength of successor generation members’ intentions to sell issues
and their choice of selling strategies.
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Academic Journal
Finance

“The Impact of Gender on Voluntary and Involuntary Executive Departure”

We examine the frequency and conditions of executive departure from S&P 1500 firms. Based upon published news reports, we find that female executives are more likely than male executives to depart their positions voluntarily and involuntarily in the presence of controls for firm performance, firm governance, and human capital. We also find that women are less likely than men to depart voluntarily as firm size increases or board size decreases but more likely to be dismissed as the board becomes more male dominated
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